El Salvador, under President Nayib Bukele, has favoured Bitcoin, positioning the country as a crypto-friendly nation. The country has purchased Bitcoin in the past, ignoring the concerns of the IMF and the United States government.
Recently, the president announced on his Twitter page, where he is known to strongly advocate for Bitcoin, that the Central American country had recently purchased an extra unit of Bitcoin to add to the country’s portfolio.
The country bought an extra 80 units of Bitcoin at $19,000 each, and this was announced on Nayib Bukele’s page,
“Bitcoin is the future. Thank you for selling cheap.”
In the tweet, he included images of the successful transactions of forty purchases, totaling $1.52 million.
Not minding that El Salvador and its President have been heavily criticized for purchasing Bitcoin, both have remained relentless supporters of the leading cryptocurrency.
This heralded mixed reactions from some Twitter users. According to a tech leader on Twitter, Jeff Booth,
“Smart! Your tourism increase alone is enough to pay for your holdings. Add the entrepreneurs moving there to build the future and what it does to help the citizens of El Salvador, and it seems like a pretty great bet. “
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